Wednesday, August 06, 2008

Posting in real time is proving to be a distraction. I may continue this just as a personal trading journal instead, posting as time permits.
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3 comments:

Lance said...

Hey Scott,
I am really sorry that you stopped posting. I just found your blog on 7/26 and I felt like I was learning a lot.

I have been doing short term trading for a couple of years but nowhere near as aggressively and successfully as you seem to trade. It was also great to see you in real time but I did wonder how you managed to update your blog so rapidly while working and am not surprised to find that it was becoming a distraction.

I think some of the update issues you were having is because the size of the gif files and then the cumulative effect on the web page being created. You might not have the same problem if you just updated with text i.e.
- bot pot 168.5 stop at 168.2 with the post time showing the buy time.
I think anybody really interested in what you are doing is going to go to the charts themselves anyway.

Just so you know, I never piggybacked on your trades, I haven't been trading at all actually in the past 6 months having to take some time off to clear my head.

Trading is a very odd thing to do I find. Whether you are doing well or not, it is very isolating and it is tough to discuss with people who aren't in the game. I have found one person, a friend of a friend and we touch base weekly. Sharing charts and observations.

The one thing I really liked about your manifesto was that you are not watching the tube or letting outside opinions color your perspective. Like a lot of other people who do this I suspect, I have been sitting here with CNBC on all the time. I think your way makes a lot more sense. Screen for whats working and let the charts do the talking.

I hope you resume posting even if it is just end of the day round-ups.

regards,
Lance
tabbycat1116@gmail.com

1:38 p.m.
BullPreacher said...

Scott,

Like Scott, I just came across yor blog, and already miss your blogging but do understand if it is affecting your trading. Hopefully, you will find a way to continue blog if only as Lance outlined. Some of us new traders really need your mentoring.

3:46 p.m.
Scott said...

Thanks for the kind words.

Posting the charts took about 8 or 9 clicks to capture, save and post and I noticed I was missing opportunities. Maybe I will post some but not all trades in the future. I wanted it to be different than all the other blogs out there by posting real time charts. So you can see what I see.

The most positive move for you to improve your trading would be to not gather any information on the market from outside sources. Just let the charts do the talking. Watching CNBC is like getting hit on the head with a hammer all day long. Nothing but garbage is on display there. When you have a clear head unfettered by someone else' ideas of a stocks direction, then you will find trading much easier.
My system is very simple and I think that if you look at my posts you can see that I'm only riding strength and weakness throughout the day. Don't get bogged down with indicators and other junk.

Happy trading,
Scott

1:41 p.m.

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